TellerScore

Headquartered in Fairmont, Minnesota, First Farmers & Merchants National Bank is a national bank with $140.4M in total assets and $115.4M in deposits as of Q2 2026. It operates 2 offices. Its charter dates back to 1990.

First Farmers & Merchants National Bank has a TellerScore of 68 out of 100 (moderate) based on Q2 2026 data — higher than only 37% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 124th. Problem-loan coverage contributes the most (99/100, 0.5%); funding & liquidity contributes the least (30/100, 100% loans-to-deposits, 43% uninsured).

TellerScore · Q2 2026

Scorecard

Capital cushion56/100
Tier 1 leverage ratio: 10.59%
Loan quality98/100
Noncurrent loans ÷ total loans: 0.06%
Earnings61/100
Return on assets (annualized): 1.02%
Funding & liquidity30/100
Loans ÷ deposits and uninsured-deposit share: 99.8% · 42.6% uninsured
Problem-loan coverage99/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 0.48%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 2 points (66 → 68), mostly because the earnings component improved by 12 points.

TellerScore
636668Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202463
Q3 202463
Q4 202464
Q1 202563
Q2 202566
Q3 202565
Q4 202566
Q1 202663
Q2 202668
Tier 1 leverage ratio
5.00%8.01%11.03%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202410.75%
Q3 202410.33%
Q4 202410.22%
Q1 202510.22%
Q2 202511.03%
Q3 202510.73%
Q4 202510.59%
Q1 202610.07%
Q2 202610.59%
Noncurrent loans
0.06%0.20%0.34%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.21%
Q3 20240.20%
Q4 20240.21%
Q1 20250.21%
Q2 20250.24%
Q3 20250.20%
Q4 20250.17%
Q1 20260.34%
Q2 20260.06%
Return on assets
0.59%0.81%1.02%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.59%
Q3 20240.62%
Q4 20240.72%
Q1 20250.65%
Q2 20250.72%
Q3 20250.71%
Q4 20250.82%
Q1 20260.95%
Q2 20261.02%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202668$140.4M10.59%0.06%1.02%99.8%
Q1 202663$141.2M10.07%0.34%0.95%97.9%
Q4 202566$144.0M10.59%0.17%0.82%90.1%
Q3 202565$135.4M10.73%0.20%0.71%95.9%
Q2 202566$131.0M11.03%0.24%0.72%96.7%
Q1 202563$130.3M10.22%0.21%0.65%96.2%
Q4 202464$136.7M10.22%0.21%0.72%94.0%
Q3 202463$139.2M10.33%0.20%0.62%101.3%
Q2 202463$137.3M10.75%0.21%0.59%106.1%

2,650 peers · $100 million – $1 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio10.59%
43rd
Total risk-based capital13.04%
57th
Problem loans0.06%
77th
Net charge-offs0.20%
12th
Return on assets1.02%
35th
Net interest margin4.17%
64th
Efficiency ratio62.9%
48th
Loans to deposits99.8%
10th
Uninsured deposits42.6%
8th
Loan-loss reserves1.19%
50th
Texas ratio0.5%
77th

Similar-size banks in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
Northwoods Bank of MinnesotaBank Park Rapids, MN80 out of 100, Strong$140.6M11.2%0.03%vs
Valley Premier BankBank Hawley, MN81 out of 100, Strong$141.0M11.1%0.00%vs
Farmers and Merchants State Bank of SpringfieldBank Springfield, MN42 out of 100, Below average$139.8M8.7%4.48%vs
Citizens State Bank Norwood Young AmericaBank Norwood Young America, MN48 out of 100, Below average$141.3M8.1%3.42%vs
Security State Bank of WarroadBank Warroad, MN62 out of 100, Moderate$138.3M16.4%4.17%vs
The First National Bank of CokatoBank Cokato, MN68 out of 100, Moderate$138.2M8.5%0.25%vs

Deposit insurance

Is my money safe at First Farmers & Merchants National Bank?

Yes. First Farmers & Merchants National Bank is an FDIC-insured institution (FDIC certificate #33131). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 42.6% of deposits ($49.1M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 10.59%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 13.04% (benchmark: 10%).

Check how much of your own balance is covered

2 locations

Branches

First Farmers & Merchants National Bank lists 2 offices in 2 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, First Farmers & Merchants National Bank reported 33 home-loan applications under HMDA (LEI 549300MIVSVBBGZIFR79): 30 originated ($4,740,000 total), 1 denied, and 2 withdrawn or closed by the applicant. Its denial rate on decided applications was 3.2%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
First Farmers & Merchants National Bank
Type
National bank
FDIC certificate #
33131
RSSD ID
1470150
Primary regulator
OCC
Holding company
215 Holding Co
Established
September 7, 1990
Headquarters
114 S Park St, Fairmont, MN 56031
Employees
16

Quick answers

First Farmers & Merchants National Bank: common questions

Is First Farmers & Merchants National Bank FDIC insured?

Yes. First Farmers & Merchants National Bank is an FDIC-insured institution (FDIC certificate #33131). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is First Farmers & Merchants National Bank's TellerScore?

68 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has First Farmers & Merchants National Bank ever failed?

There is no failure record for FDIC certificate #33131 in the FDIC failed bank list.

How many branches does First Farmers & Merchants National Bank have?

2 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Fairmont

InstitutionScoreAssetsCapitalProblem loansCompare
Welcome State BankBank Welcome, MN90 out of 100, Very strong$44.3M12.8%0.00%vs
Citizens Community Credit UnionCredit union Fort Dodge, IA88 out of 100, Very strong$253.6M19.1%0.73%vs
First Financial Bank in WinnebagoBank Winnebago, MN82 out of 100, Strong$58.1M13.8%0.66%vs
First State BankBank Webster City, IA81 out of 100, Strong$674.3M12.4%0.12%vs
Farmers Trust and Savings BankBank Buffalo Center, IA74 out of 100, Strong$422.7M9.9%0.06%vs
Profinium, Inc.Bank Truman, MN72 out of 100, Strong$533.1M10.2%0.13%vs